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Lease after buy

Old Mar 18, 2008 | 08:24 PM
  #1  
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cterrell16
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Lease after buy

Now that I've bought a car on a 5 year plan what can I do in two years for a trade in. Can I trade my g37 for the newer model on a lease plan or do I have to purchase again.
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Old Mar 18, 2008 | 08:53 PM
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If I understand you correcty, you bought the car on a 5 year finance and are already asking about trading it in in 2 years? You're more than likely gonna take a pretty big hit if you do that. You can trade in your car anytime you want and get into a lease. You will just be responsible for the negative equity when the dealership lowballs you on a trade in price.
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Old Mar 18, 2008 | 09:41 PM
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Dave ISM
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Sounds as if the question is "can I lease a car when I've financed my previous vehicle?". Assuming that is the question, the answer is mostly likely yes depending on your credit. Better credit can lease, however even Tier 3's and 4's can lease, but it's ugly and you're usually better off financing because the lease rate is so high.

Like Callaway mentions however, any negative equity goes in the new lease which will also affect your lease payment.
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Old Mar 18, 2008 | 10:15 PM
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DiamondGCoupe
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Already thinking about selling, you sir should have leased the G for 2-3 years with those thought!
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